Fees & Costs of an SMSF

SMSF and flat fees can make a huge difference to your ultimate retirement balance. When you first set up a fund there are a number of fees that your fund will need to incur. Often SMSF administrators will require you to pay some of these fees by EFT or credit card when you first establish your fund. At Redwood, we will generally pay these fees on your behalf so you’re not out of pocket – or need to reimburse yourself from the SMSF. Once your new SMSF is established and funds from previous superannuation accounts are transferred in, we will debit the SMSF to cover these costs (generally when the SMSF rollover is completed.

Here is a summary of the standard fees associated with establishing an SMSF (https://redwoodadvisory.com.au/smsf/fees/):

$518.00 – ATO supervisory levy ($259.00 per year) payable to the ATO. New funds are required to pay the first two years in advance – refer to

$469.00 – Registration of Corporate Trustee Company – this company registration fee is payable to ASIC.

You will authorize the establish of each company with $1 paid up capital, that is each share is worth $1.

The 2 X $469 company fees are included in our fees whereas the $518 is paid from your SMSF once your SMSF return is lodged.

Redwood has been around for a while, and we hope to be profitable and try to charge a fixed fee to cover our costs and fingers crossed we can feed the family at night! Our fees are disclosed here – https://redwoodadvisory.com.au/smsf/fees/

You can compare us to our competitors but we differentiate based on our core values – we are known to assist our clients with a “client first” approach – we serve our clients with ultimate service….a personal touch on all our interactions.

For more information on Advice on SMSF’s from the regulator – ASIC please refer to the following:

In proceeding with the establishment of an SMSF with Redwood, it is deemed that you have read and understood the risks and costs of SMSF as dictated by ASIC. Further this is included in Dover’s Client Protection Policy included here http://www.dover.com.au/dovers-client-protection-policy/

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About Us

Redwood is a specialist SMSF, Property and Finance provider that assists Australian's purchase property as an investment. We take the headaches out of investing in property. We are based in Melbourne and service Australia wide.

Disclaimer

This website contains information that is of a general nature only and has not taken into account your specific objectives, needs and financial situation. It is not intended to provide financial, investment, accounting, tax or legal advice, therefore you should seek advice from the respective qualified or licensed professional
before making any decisions. Redwood Advisory disclaims responsibility for reliance on information contained on this site